London: Among all Asian countries Singapore’s shipowners have been the most active in the secondhand market, according to statistics from UK ship pricing system, VesselsValue.com.
Data from January 1 to June 16 given to SeaShip News shows Singapore far in front of all other Asian nations, buying a total of 62 vessels, totalling 3.51m dwt and worth $826m in the near-six month period.
To put the figure into perspective, the second most active buyer in the secondhand market was China. Chinese owners spent $458m on 46 ships totalling 2.35m dwt in the same period.
“In total Asian countries seem to be buying more tankers,” a spokesperson for VesselsValue.com said. [18/06/14]